Accel Wealth Management purchased a new stake in shares of Peakstone Realty Trust (NYSE:PKST – Free Report) during the first quarter, Holdings Channel reports. The fund purchased 10,541 shares of the company’s stock, valued at approximately $170,000.
A number of other hedge funds and other institutional investors have also modified their holdings of PKST. TCP Asset Management LLC raised its holdings in Peakstone Realty Trust by 2.9% in the 1st quarter. TCP Asset Management LLC now owns 110,136 shares of the company’s stock worth $1,776,000 after acquiring an additional 3,081 shares during the period. Allspring Global Investments Holdings LLC bought a new position in shares of Peakstone Realty Trust during the 1st quarter worth about $48,000. Tsfg LLC increased its holdings in shares of Peakstone Realty Trust by 128.1% during the 1st quarter. Tsfg LLC now owns 2,051 shares of the company’s stock worth $33,000 after purchasing an additional 1,152 shares during the period. Mather Group LLC. bought a new position in shares of Peakstone Realty Trust during the 1st quarter worth about $150,000. Finally, HighPoint Advisor Group LLC bought a new position in shares of Peakstone Realty Trust during the 4th quarter worth about $372,000. Institutional investors own 38.98% of the company’s stock.
Peakstone Realty Trust Stock Performance
NYSE:PKST opened at $10.32 on Friday. The firm’s 50-day moving average is $12.51 and its 200-day moving average is $14.58. Peakstone Realty Trust has a 52-week low of $10.08 and a 52-week high of $27.87. The company has a debt-to-equity ratio of 1.18, a quick ratio of 7.90 and a current ratio of 7.90. The company has a market cap of $374.72 million, a price-to-earnings ratio of -0.66 and a beta of 2.76.
Peakstone Realty Trust Dividend Announcement
Analyst Upgrades and Downgrades
Separately, Truist Financial dropped their price objective on shares of Peakstone Realty Trust from $17.00 to $15.00 and set a “hold” rating on the stock in a report on Tuesday, April 16th.
About Peakstone Realty Trust
Peakstone Realty Trust (NYSE: PKST) is an internally managed, real estate investment trust (REIT) that owns and operates a high-quality, newer-vintage portfolio of predominantly single-tenant industrial and office properties. These assets are generally leased to creditworthy tenants under long-term net lease agreements with contractual rent escalations.
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